Friday, 29 June 2012 08:55

Canon's IRIS puts an electronic eye on invoices

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Canon claims its new IRIS invoice processing system can save up to three days per month by automating manual tasks such as data entry from paper invoices.

Canon  's IRIS scans and extracts data from paper documents such as invoices. Since over 70% of companies still receive 50% of their invoices in paper form, there's room for process improvements.

"Accounting is a very manual process that deals with high volumes of paper and a number of individuals, making it extremely complex and time-consuming," said Luke Maddison, Canon Australia's group manager for business marketing. "Suitable for small businesses or large enterprises, IRIS eliminates time-consuming manual data entry, reduces invoice processing costs and enables staff to get information more quickly and efficiently, freeing them up to focus on more productive and valuable tasks."

In addition to minimising data entry, IRIS is also said to reduce paper handling, reduce the invoice-to-payment time, provide an enhanced audit trail, and allow customised workflows.

IRIS works with multifunction devices from Canon and other vendors.

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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